News
Independent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
[SINGAPORE] The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be “fair and reasonable”. It...
US will have golden share in Nippon Steel’s takeover of US Steel, lawmaker says
[TOKYO] The US government will have veto power over key decisions relating to US Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s...
Xiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
[BEIJING] China’s Xiaomi reported a 47.4 per cent annual jump in first-quarter revenue on Tuesday (May 27) as the company doubled down on making electric vehicles.Revenue for the quarter...
Japanese gas tanker giant Mitsui OSK sees difficulty buying Chinese vessels
[SINGAPORE] Mitsui OSK Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the...
Perennial to invest one billion yuan to open two hospitals in Guangzhou
[SINGAPORE] Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with Guangzhou Metro Group to establish a tertiary...
Port congestion at Asian ports reported; Singapore’s average waiting time up to 1.5 days
[SINGAPORE] Port congestion has been reported at Asian ports, with Singapore being one of those impacted – the berth waiting time at the world’s top transhipment hub is said...
Asian ports reported to be congested; average waiting time in Singapore is up to 1.5 days
[SINGAPORE] Port congestion has been reported at Asian ports, with Singapore being one of those affected: The waiting time for a berth at the world’s top transhipment hub is...
HSBC cuts dozens of analyst jobs in investment banking overhaul
[SINGAPORE] HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar...
BYD shares extend losses as price cuts throw spotlight on sales
[HONG KONG] BYD shares extended losses in Hong Kong trading on Tuesday (May 27) – taking their two-day slide to more than 10 per cent – as last week’s...
Boustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
Company’s shares hit their highest price in a decade as the engineering group sees a 58% increase in net profits[SINGAPORE] Shares of Boustead rose on Tuesday (May 27) morning...
